Yahoo (YHOO) acquires popular news reader app Summly, along with 17-year-old founder Nick...

|By:, SA News Editor

Yahoo (YHOO) acquires popular news reader app Summly, along with 17-year-old founder Nick D'Aloisio. Kara Swisher reported of Yahoo's interest in the U.K.-based startup back in December. Summly uses a language-processing algorithm to summarize stories into smartphone-friendly blurbs. The company has begun trying to work with publishers to create summarized content - Yahoo's media empire could help with that.